100 Lincoln St
Jersey City, NJ 07307
Multifamily Property For Sale · 6 Units

Confirmation that exceptional opportunities still exist – an oversized legal six family property with untold future development potential in one of the New York metro's fastest growing areas, Jersey City Heights. Currently generating $16,175 per month – 6.09% CAP Rate – 100 Lincoln Street is a fully detached three-story building on a 25'x111' AV. lot with a full basement that was gut renovated in 2021. It is comprised of six thoroughly modern two bedroom, one-and-a-half bathroom residences with central air conditioning and heating, and full-size in-residence washer/dryers. Each fully occupied unit offers residents a private storage area in the basement as well as access to the 945 SF garden at the rear of the property. The impressive scale of the building, which measures nearly 64' deep, combined with ceiling heights of 9'11" on each of its three main floors, allows for incredible flexibility in how these spaces can be utilized. Fully occupied on annual leases; there is an opportunity to improve rents upon renewal based on the market. Perfectly positioned in the heart of Jersey City Heights, 100 Lincoln Street is a few blocks from multiple NJ Transit bus lines with service to New York City and the Journal Square PATH station, which offers express service to points in Jersey City, Hoboken and Lower Manhattan. Jersey City Heights presents an exciting, constantly evolving array of boutique shopping, dining, coffee shops and grocery stores as well as easy access to parks, playgrounds as well as the other renowned neighborhoods that make Jersey City such a special place to live. Approximate laser-measured size (gross, including hallways): Basement: 1595 SF; First Floor: 1595 SF; Second Floor: 1595 SF; Third Floor: 1595 SF; Total Gross: 6380 SF.